Payment Automation news and trends

Cobre Raises $13 Million to Expand Payment Automation Platform
Investments // October 05, 2023

Cobre has reportedly raised $13 million to take its treasury platform beyond its native Colombia. As TechCrunch reported Thursday (Oct. 5), the company plans to enter Mexico next year, while also updating its product — initially designed for big companies — for use by smaller businesses. Jose...

Zil Money Integrates With Sage to Simplify Commercial Payments
Commercial Payments // September 19, 2023

Commercial payments platform Zil Money has integrated with cloud-based financial management software firm Sage Intacct. The collaboration, announced in a news release Tuesday (Sept. 19), “simplifies the financial operations of Sage Intacct users, allowing them to import invoices and payee lists effortlessly.” According to the release, the integration simplifies...

Mastercard Debuts Receivables Manager as Virtual Card Use Increases
Payment Methods // July 24, 2023

Mastercard has launched a tool designed to streamline virtual card payments. The company’s Receivables Manager, announced Monday (July 24), comes at a time when businesses are turning to virtual cards to replace paper-based payments. “However this shift towards emerging tech has also left accounts receivable teams...

Basware Adds B2B Payments Functionality To eInvoicing Solution
B2B Payments // August 09, 2018

Electronic invoicing firm Basware revealed Wednesday (Aug. 8) that it has integrated B2B payments capabilities into its product offering. Basware calls the solution NetworkPay, and it’s a way to automatically pay suppliers once invoices are approved. The tool supports check, ACH, virtual card and wire...

Interviews & Exclusives
Making The Perfect B2B Payment

September 07, 2017
When organizations take in and pay out purchase orders and invoices, what does the perfect payment look like? Bob Sneed, vice president of corporate payments for the payment processing and information management service company WEX, said in a recent interview with Karen Webster that the profile will be different for every organization. Sneed said that […]

Quick Reads
PayMate Launches in Singapore, Malaysia and Australia

November 19, 2023
Digital B2B payments firm PayMate is now doing business in Singapore, Australia and Malaysia. “Our rapid expansion into these countries highlights our commitment to enabling frictionless and highly secure B2B transactions for enterprises,” said Ajay Adiseshan, the company’s founder and CEO, per an IBS Intelligence report Friday (Nov. 17). “We look forward to contributing to the thriving FinTech […]

Cobre Raises $13 Million to Expand Payment Automation Platform

October 05, 2023
Cobre has reportedly raised $13 million to take its treasury platform beyond its native Colombia. As TechCrunch reported Thursday (Oct. 5), the company plans to enter Mexico next year, while also updating...

Zil Money Integrates With Sage to Simplify Commercial Payments

September 19, 2023
Commercial payments platform Zil Money has integrated with cloud-based financial management software firm Sage Intacct. The collaboration, announced in a news release Tuesday (Sept. 19), “simplifies the financial operations of Sage Intacct users, allowing...

Mastercard Debuts Receivables Manager as Virtual Card Use Increases

July 24, 2023
Mastercard has launched a tool designed to streamline virtual card payments. The company’s Receivables Manager, announced Monday (July 24), comes at a time when businesses are turning to virtual cards to...